[ANN][ICO][POW] GLYFF - Private smart contracts - zkSNARK - Scalable [ETH+ZCASH]
What is Glyff ?
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We are building a next-generation decentralized platform that enables secure value transfers and smart contract execution, in complete confidentiality and with strong correctness guarantees. Glyff, like Ethereum, allows development of decentralized applications, but with a key difference : the ability of concealing data from the computing nodes. This enables developers to include sensitive data in their smart-contracts, directly on-chain, without compromise on security |  |
Overview
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 | The goal of Glyff is to create an easily accessible, privacy-preserving decentralized platform on which all businesses can benefit from smart contracts. It will provide the security and privacy required to ensure an efficient platform which is trust-less, scalable and fully accessible to those without extensive knowledge of cryptography such that it can be truly ubiquitous and with no barriers. |
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Glyff achieves privacy by leveraging a cryptographic technique known as Zero-Knowledge Succinct Non-Interactive Argument of Knowledge, shortly zk-SNARK, which allows the verification of a smart contract without revealing the data that held within it. That way, computation can be carried out verifiably while all the information can be immutably recorded onto the blockchain without being exposed to third parties. A zero knowledge proof of correctness is published and verified by the consensus nodes in order to guarantee integrity of operations. Private data is shareable within and between the relevant organizations, but it remains unavailable to all others, guaranteeing privacy. |  |
Publications
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| Whitepaper (with tokenomics) | Technical whitepaper (working draft) |
Coin specifications
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| Max amount | Block reward | Block time | Hashing algorithm |
| ~100,000,000 | 5 GLY | 12 seconds | ETHASH |
Token Distribution
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Total tokens issued (100%) 50,000,000 Total tokens for sale (65%) 32,500,000 Glyff Reserve (15%) 7,500,000 Team and early contributors (10%) 5,000,000 Community group & strategic partners (10%) 5,000,000 |  |
Glyff sale
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| Minimum investment: $125 | Maximum investment (without KYC): $10,000 | Accepted currencies: ETH, BTC, BCH |
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| Phase | Start date | End date |
| Pre-sale | December 20 2018 | March 19 2019 |
| Phase 1 | March 20 2019 | May 5 2019 |
| Phase 2 | May 6 2019 | May 14 2019 |
| Phase 3 | May 15 2019 | Jun 1 2019 |
| Final phase | Jun 2 2019 | June 19 2019 |
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| Phase | Discount | Token price |
| Pre-sale | 25% | $0.123 |
| Phase 1 | 20% | $0.131 |
| Phase 2 | 10% | $0.148 |
| Phase 3 | 5% | $0.156 |
| Final phase | 0% | $0.164 |
Roadmap
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| Q2/3 2018 | Q3/4 2018 |
| Research starts Prototyping of MVP consensus node and wallet (Sprout) | Consensus node and wallet (Early release) Private test-net launch |
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| Q1/2 2019 | Q2/3 2019 | Q3/4 2019 |
| Publication of first whitepaper working draft (Sapling) Token Generation event Public testnet launch | Programmable privacy Security audit Consensus node and wallet (Stable release) | Main-net launch Developer toolchain and documentation Mobile wallet (Android/iOS) |
Team
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| Erik El Annaoui CEO | Anatolii Vedmid Software Developer | Noah Vesely Researcher & Engineer |
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| Dave Narby Content Editor | Olga Fomina Marketing Manager |
Rating & Exchanges
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Contact & Social links
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| Website | Github | Bounty | Gitter | Telegram | Medium |